Donald Trump’s crypto project, World Liberty Financial (WLFI), has reportedly garnered more than 100,000 signups ahead of its token launch on October 15.
The platform, which positions itself as a decentralized finance (DeFi) initiative, is set to release its Ethereum-based ERC-20 governance token, WLFI, offering users various DeFi functionalities, including borrowing, lending, and stablecoin transactions.
In an X Space on October 14, the platform’s head of operations, Zak Folkman, confirmed details about the upcoming token launch.
He reiterated that WLFI will serve as the governance token for the World Liberty Financial ecosystem.
Folkman was joined by team members Chase Herro and Zach Witkoff, who echoed previously shared information from an October 11 blog post.
The platform aims to provide users with the ability to interact with liquidity pools and engage in crypto-based lending and borrowing.
However, access to World Liberty Financial’s services in the U.S. will be restricted to accredited investors.
These investors must meet certain financial criteria set by the Securities and Exchange Commission (SEC), including earning over $200,000 annually and holding more than $1 million in assets.
